Around the Web: Taking Out Personal Loans

Free Debt Analysis

Contact us at 1-888-503-5563

Free Debt Analysis

Contact us at 1-888-503-5563

Last step, fill out the information below or call us for Priority Assistance.

What may we help you with?

How much do you owe?

What is the status of your payments?

What type of student loans do you have?

What is the status of your loans?

What type of tax debt do you have?

How many years have you owed taxes?

Are you currently enrolled in a payment program with the IRS?

What problems are you having with your report?

Late Payments

Bankruptcy

Charge offs

Debts that are not yours

Collections

Errors on your credit report

Other

Are you facing any of the following?

Garnishments

Lawsuit

Divorce

Repossessions

Illness/Disability

Job Loss

Foreclosure

What types of debts do you have in collections?

Credit Card

Tax

Mortgage

Student Loan

Medical

Payday Loan

Repossessions

Judgement

Debt Collection Company Name

Tell us what happened:

first_name

Your first name is required.Your first name is required to be at least 2 characters.Your first name cannot be longer than 50 characters.

last_name

Your last name is required.Your last name is required to be at least 2 characters.Your last name cannot be longer than 50 characters.

email

Your email is required.

primary_phone

Your phone is required.Your 10 digit phone number is required.

state

Your state is required.

age

Your age is required.Your age must be between 18 and 99.Your age must be greater than 18.Your age must be less than 100.

I agree to the terms below.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s Privacy Policy and Terms of Use and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

Club Thrifty — Greg wants everyone to free themselves from debt. But you must be smart about it. And sometimes using a personal loan is smart. He says, “if you use a personal loan wisely, it can actually help you to get out of debt faster.” His first example is paying off credit card debt.

If you have a high interest rate credit card loaded with debt, you can get a personal loan and pay it off. The beauty is, you can cut the interest rate in half using a loan. His example is 12.99 percent on the card versus 6.0 percent on the loan. But there is a catch. You can’t keep using the card. That defeats the purpose. It also increases your debt.

Money Talks News — Identity theft is something we must all deal with. It’s not a random or rare occurrence anymore. It’s a calculated act perpetrated by professional criminals and sometimes even family members. As Jim says, “It’s not a question of if but when you will become a victim of identity theft.”

Shoeaholic No More — Guest blogger Allison wrote this post. She admits that “Budgeting isn’t always easy.” Unfortunately, it becomes even harder when you make these five mistakes. The first one is: “You’re not keeping track of every expense.” The key word there is every. That means daily coffee or 5 Hour Energy drink purchases. Those little purchases can ruin your budget.

The third one is: “Your budget and goals are unreasonable.” This is important, because many people set goals that are too lofty. And when they fail, they become frustrated and quit budgeting. Set practical goals. Allison also offers helpful tips at the conclusion of each section. Here’s another post on 3 Ways Your Weekend is Busting Your Budget.

Young Adult Money — Erin points out that a study by the American Psychological Association revealed “72% of adults feel stressed about their finances at least some of the time.” With that statistic in mind, she came up with seven ways we can ease our stress. The second one is: “Figure out a spending plan.”

The plan should focus on how much money you want to spend on each category in your budget. Once you figure that out, you can decide on your savings options. But again, you must set realistic goals or your best attempts will probably fail. Here’s another post on financial stress — and how you should deal with it.

Money Ning — Experts agree that an emergency fund is necessary. They don’t agree on how much money people should sock away. Nevertheless, a study by Bankrate showed that only 38 percent of Americans have enough saved for “unexpected expenses”, such as car repairs. So let’s start saving.

Connie says the “rule of thumb” is having three to six months of expenses saved — but six is better. As an example, she notes: “if your expenses amount to $3,000 each month, you should aim to save $18,000.” That’s a lot and may seem unreasonable. To reiterate what’s become a theme here — set realistic goals. If you don’t have a fund and experience an emergency, try these money making tips.

Meet the Author

Brian Bienkowski

Staff Writer

Bienkowski is a staff writer and is the face of Debt.com's 'By the Numbers' videos.